Commodities: Gold at $1305, WTI Oil at $58.97, Palladium through $1600 for the first time.
Currencies: Swedish Krona weakness unnerving markets. Indian Rupee gone from worst to best performing currency. GBP while weaker following Westminster’s events yesterday, is attracting increasing interest and more expectation of a rally. USD weaker versus EUR.
Equities: FTSE 7324, Dow 25,887.
I0 year Govt Yields: US 2.61, Germany 0.10, UK 1.18, France 0.47, Italy 2.49, Japan -0.05
FUNEX? S, V F X. -Must be said out loud in the accent of a German in a disaster movie
Just in from the Swiss gnomes at Zurich University: in the past several thousand years as our diets have improved, so has our ability to enunciate certain letters and in particular F and V. Lots of Swiss science behind this one but when you say in your best Swiss accent: “SVFX” it is down no doubt more to your 5 a day than your battered Mars bars:
Meanwhile…..S, VFX……Yes Ve Haf Eggs …………and nice the way that FX features!
Discussion and Analysis by Humphrey Percy, Chairman and Founder
A weaker Dollar: Trump vs. Powell The Dollar continued to lose ground yesterday as the truce between Israel and Iran appeared to continue to hold. There has been a noticeable return to focus upon macro and monetary influences in major currency pairs. Yesterday, Fed Chair Jay Powell provided his semi-annual monetary policy report before the […]
Big Girls Don’t Cry A bond market tantrum and one of the sharpest one day sell offs in Sterling for several years appear to have been catalysed by the Chancellor’s appearance in PMQs yesterday. First: the back story. This Labour government has faced some embarrassment in recent weeks trying to get its welfare bill through […]
Next level EURUSD has managed a relatively smooth ascent to its current levels, around 1.18. That is despite significant resistance levels, most notably around 1.17. A large collection of option strike prices gathered around this key level and the price history of the pair shows us its significance. Sustained closes above this level since last […]